TKM, the Deputy Managing Director for Corporate Planning, Finance & Administration and Manufacturing, expressed appreciation for the balanced budget presented by the Honourable Finance Minister for India. He added the budget focuses on fostering growth and strengthening India’s position as a global hub for business.
The fiscal discipline, with a glide path to bring the deficit to 5.8% of the GDP for FY24 and a target to lower it to 5.1% in the next fiscal, demonstrates a prudent approach to economic management.The capital outlay of 11.11 lakh crore rupees is aimed at infra development, focusing on airports, road networks, and railway connectivity. This will stimulate infrastructure growth, optimize logistics and operational costs, and attract foreign investments.
The renewed focus on R&D will strengthen India’s position as a global hub for technology and manufacturing, making it an attractive destination for global businesses. The government has also allocated resources to strengthen the green energy sector, aiming to achieve the Net Zero target by 2070.